Ripple raised the highest amount of funding among blockchain companies last year, according to a report by CB Insights.
Ripple Raises $200 Million at a Valuation of $10B
Last month, we reported that Ripple secured $200 million in a Series C round from investors like SBI Group, Tetragon Financial Group, and Routee 66 Ventures. The blockchain firm led by Brad Garlinghouse was valued at $10 billion at the time.
The investment round helped the XRP issuer to top the list of blockchain firms by the amount of funds secured last year. Ripple plans to use the funds for talent hiring, opening new offices overseas, and enhancing balance sheet flexibility.
Ripple was followed by Figure Technologies in the list of largest funding rounds. The latter raised $103 million to support the expansion of its blockchain-based platform Provenance. Figure uses the platform to help users get home equity loans within minutes.
Digital Asset and PeerNova came next with $35 million and $31 million, respectively. The former intends to fund developer community project related to its Digital Asset Modeling Language (DAML), which is used to faster asset settlement. Elsewhere, PeerNova is eyeing expansion of its technology that helps financial institutions handle their data workflows.
Investment to Blockchain Firms Declined in 2019
Even though blockchain has gone mainstream, 2019 was not as successful for specialized startups as the previous year in terms of raised funds.
According to CB Insights, total equity funding to blockchain startups dropped more than 30% last year compared to 2018. Mentions of blockchain in public earning reports also declined. Ripple’s $200 million wouldn’t have even made the top 3.
The research authors suggest that the reason for the decline is that many startups are still trying to figure out product market fit.
In the last quarter of 2019, blockchain firms raised a combined $785 million across 164 deals, down 36% compared to the same period in the previous year.
In 2018, blockchain giants like Bitmain and Coinbase had great contribution, being among the top two fundraisers with $400M and $321M, respectively. Ripple raised only half of the amount secured by Bitmain.
Do you think 2020 will be a better year for blockchain startups? Share your expectations in the comments section!
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Крупнейший малайзийский банк CIMB Group Holdings подписал соглашение о сотрудничестве с Ripple. В пресс-релизе компании говорится, что теперь CIMB Group Holdings является частью сети RippleNet. «Мы рады стать частью сети RippleNet и далее будем расширять сотрудничество с Ripple.
A new financial group has decided to join one of the most innovative and fast growing financial networks. The CIMB Group, which is ASEAN’s fifth largest bank, has partnered with Ripple so as to enable cross-border payments for CIMB’s markets.
The fifth-largest bank in the ASEAN region, the CIMB Group, has entered a strategic collaboration with American blockchain company Ripple. The two will work together to enable instant cross-border payments in all CIMB’s markets.
The CIMB Group, which is headquartered in Kuala Lumpur and one of the largest banks in ASEAN (Association of Southeast Asian Nations), has partnered with Ripple to enhance instant cross-border payments across CIMB’s markets.
CIMB Group (CIMB or the Group), ASEAN’s fifth largest bank, and Ripple have entered into a strategic collaboration to enable instant cross-border payments across CIMB’s markets. On the back of this partnership, CIMB will join RippleNet and connect with other Ripple customers — more than a hundred financial institutions worldwide — a move that will … Continued
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Японский банковский холдинг Mitsubishi UFJ Financial Group(MUFG) будет использовать Ripple для своей новой системы переводов денежных средств для бразильских трудовых мигрантов
Ripple’s cross-border technology breaks into China? Ripple recently saw an opening to offer its cross-border payment technological solutions in the land of the red dragon. The opening is a result of partnership between American Express, US-based payment company and LianLian Group, a Chinese third-party payment service provider.
Ripple makes inroads into the Chinese market, thanks to its partnerships with American Express and the LianLian Group. Both…
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MJAC announces initial details for the MJAC & CryptoCompare London Blockchain Summit on November 30, 2018, with representatives from Coinfloor, Coinbase, Ripple, Circle, eToro, London Stock Exchange Group, CoinShares and Cumberland included in the line-up.
Ripple Via a joint project of AmEx – The LianLian Group, Ripple’s path of penetrating China’s e-Commerce market has made itself clear. With the target of processing card payments faster and more efficient, AmEx’s joint venture has been approved by the Chinese which has made AmEx the first firm located in U.
Ripple has succeeded in clinching its priority target market, China, through the approval of LianLian’s joint venture American Express, to process card payments in China. China approved the operation of AmEx, making it the first American company to be given a direct access to the China e-commerce market.
According to an AMB Crypto report, interest within the Chinese payments market has sparked, as big names start to make waves. So far, said big names include American Express, LianLian Group, both of whom are entering the market as an alliance, and of course, we have Ripple. As per the claims made, the move by […]
В пятницу стало известно, что крупнейший банк Японии MFUG Bank (Mitsubishi UFJ Financial Group), занимающий пятое место в мировом рейтинге по совокупным активам, сообщил о сотрудничестве с бразильским Banco Bradesco по созданию нового сервиса трансграничных платежей, на базе технологии Ripple, между Японией и Бразилией.
One month after prices reversed from 25 cents, XRP/USD seem to be resuming trend after Nov 6 bull rally. The cause has not been substantiated but many are linking the drive above 55 cents to SWIFT RippleNet integration and a host of other factors as Ripple partnership acceleration and SBI Group XRP advocacy. Latest Ripple […]
SBI Group CEO Yoshitaka Kitao was recently in attendance at the SBI Financial Results Briefing, announcing the firm’s intention to work on a new project for R3. This project is already in talks to utilize Ripple’s XRP token “more extensively.
Генеральный директор SBI Group Йошитака Китао объявил, что компания уже начала обсуждения для создания проекта c R3 для распространения использования Ripple (XRP).
In 2019, bitcoin will officially be 10 years old. As the dominant cryptocurrency, this means it may continue to enjoy its current market dominance and can indicate a brighter future for the coin. But individuals like Nigel Green, CEO of DeVere Group doesn’t think this will be the case. While he believes that bitcoin will […]
По прогнозам главы deVere Group Найджела Грина (Nigel Green), в ближайшие 10 лет капитализация крипторынка увеличится на 5000% и достигнет $20 трлн. При этом биткоин утратит свою главенствующую роль, а на ведущие позиции выйдут Ripple и Ethereum.
Ripple (XRP) seems to be undeterred by Bitcoin (BTC)’s uncertain moves. It did fall yesterday like the rest of the market. However, it was very keen on reversing those losses today. The above chart for XRP/USD on the daily time frame shows Ripple (XRP) in a clear ascending channel.
The CEO of The Blackmore Group and Wealth Chain Group, Phillip Nunn has made a statement saying he believes that Ripple could become the ‘Microsoft of crypto’ if it keeps on its path.
There have been many debates over the years and Ripple has been a key topic of most of them.
During Ripple’s Swell conference, Ripple showed a report named ‘Blockchain in Payments’. The report discusses the critical mass adopting blockchain based payments for this year. Several organisations were anticipating this conference and more specifically integrating virtual assets into cross-border payments flows.
A significant group of fintechs and businesses related to the industry of cryptocurrencies and blockchain technologies have decided to start a campaign to promote a legal space that is favorable for the development of the crypto-ecosystem.
A group of major players in the crypto and blockchain industry have joined forces to pay D. C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry.
On September 24, 2018, MIT Connection Science and IBM issued a 41-page joint report on the results of three roundtable discussions on the role of Blockchain in government.
Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers. The orders were issued on September 18, 2018, against DGBK Ltd.
Blockchain settlement startup, Ripple, has added PNC Financial Services Group to their list of clients utilizing their real-time cross border settlement systems in order to more efficiently process international payments.
Приложение MoneyTap будет доступно для Android-устройств, а также для iOS в конце года. SBI Ripple Asia, совместное предприятие японского банковского гиганта SBI Group и американского стартапа Ripple, намерено вскоре ввести в действие мобильное приложение на основе платежных карт MoneyTap.
SBI Cross 500 Billion Yen in Overseas Remittance Thanks to their Partnership with Ripple Japan’s Strategic Business Investor Group (SBI) announced on the 5th of September 2018, that their cumulative overseas remittance had surpassed 500 billion Yen.
Brad Garlinghouse remains a dedicated Ripple and XRP ambassador. Recently, he admitted that citizens are far from using XRP for buying coffee or settling normal bills. That’s why he considers XRP a “digital asset” which the company—as acknowledged by Mitsubishi UFJ Financial Group—is using to build a convenient, secure and cheap remittance solution for companies.
Research firm Satis Group has released a new report claiming that Bitcoin (BTC) will hit $144,000 in ten years. Decade-Long Predictions The group’s evaluations are based on real-world data researched by Sherwin Dowlat and Michael Hodapp.
Согласно новому исследованию компании Satis Group, стоимость биткоина (BTC) может составить $96 000 в ближайшие пять лет. Отчёт от Шервина Доулата и Майкла Ходаппа — это только часть серии исследований по криптовалютам.
Ripple (XRP) will be worth just 1 US cent within five years and Bitcoin Cash (BCH) will fade, a damning new report from ICO advisory firm Satis Group predicts August 30. Satis: Ripple ‘Misleadingly Marketed’ Forecasting the future trajectory for the cryptocurrency industry, Satis drew a sharp distinction between assets that “apply unique value propositions within deep and viral markets” and copycat tokens.
Satis Group подготовила исследование и озвучила смелые рыночные прогнозы, согласно которым курс биткойна через 10 лет составит $144 000, а курс Bitcoin Cash — $180. Ценность формирующейся прорывной технологии, такой как криптовалюты, до сих пор еще полностью не осознана, поэтому дать оценку каждому отдельному компоненту рынка цифровых активов все еще довольно сложно.
The topic of decentralization in blockchain is wildly nuanced, misunderstood and, frankly, evolving. Bitcoin and Ethereum are currently viewed as the gold standard for decentralization — meaning they are architected in a way that no single individual or minority group can dictate rules or rewrite transaction history (the power of blockchain!).
U. K. -based cryptocurrency futures exchange Crypto Facilities, which is regulated by the U. K. Financial Conduct Authority, is adding a bitcoin cash product to its offerings, a press release shared on the exchange’s website reveals.
SBI Virtual Currencies Now Accepts New Users: Bitcoin (BTC), Bitcoin Cash (BCH) & Ripple (XRP) Offered Last month in June of 2018, Japan saw a new premier of a massive banking consortium, SBI Group that revealed the launch of a virtual currency platform.
Bitcoin continued to edge higher on Tuesday, extending gains made on the previous day on news that asset-management giant BlackRock has set up a working group to look into cryptocurrencies and blockchain, the technology that underpins them.
Японская финтех-компания SBI Holdings объявила о планах совместного с партнером Ripple расширения инвестиций в Bitcoin Cash (BCH). Партнеры планируют увеличить добывающие мощности в сети криптовалюты.
На крупнейшей конференции по шифрованию и блокчейн в Японии под названием Japan Blockchain, состоявшейся 27 июня, Йошитака Китао, председатель SBI Holdings и исполнительный директор SBI Group, выразил свой оптимизм в отношении долгосрочного роста сети Ripple.
At the Japan Blockchain Conference held on June 27, the biggest cryptocurrency and blockchain conference in Japan, Yoshitaka Kitao, the chairman of SBI Holdings and CEO of SBI Group, expressed his optimism towards the long-term growth of the Ripple blockchain network.
On June 14, 2018, the Securities and Exchange Commission (SEC) director of corporate finance made waves in the cryptocurrency space when he commented at Yahoo Finance’s All Market Summit: Crypto that ether is not a security.
The China Center for Information Industry Development (CCID) released the second iteration of its monthly Global Public Chain Technology Evaluation Index. As part of the Ministry of Industry and Technology Information, the CCID is releasing the monthly reports on behalf of the Chinese government.
Japan’s Strategic Business Innovator Group [SBI Group] had unveiled its new plans for its newly launched cryptocurrency exchange. The company intended to kickstart the best cryptocurrency service for the country.
For many, the experience of adding crypto coins to their financial portfolios has proven to be the thrill of a lifetime. As a new type of holding with a unique set of tools and rules, cryptocurrency is wealth with its own wow factor.
This article will analyze the event that XRP surpassed Solana and USDT in market cap to become the 3rd largest cryptocurrency, just below BTC and ETH. We will consider the factors contributing to the recent increase in XRP price, from activities of Ripple Labs to XRP ETF news.
На днях стало известно, что Дональд Трамп собрал $7,5 млн в виде криптовалютных пожертвований. Донаты поступают в BTC, ETH и других криптовалютах. За этой поддержкой стоят серьезные фигуры: Тайлер и Кэмерон Уинклвоссы из Gemini, CEO BitGo Майк Бэлше и Стюарт Альдероти из Ripple.
Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.
The presidential campaign for Vice President Kamala Harris made crypto waves with a brief comment about the sector over the weekend, but the industry shouldn't expect much more in the final weeks before the U.S. elections, insiders suggest.
The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement shared with CryptoSlate.
